Chicken Little Portfolio Performance August 2016

In August 2016, the Chicken Little Portfolio lost 0.65% while the Dow Jones Industrial Average gained 0.25%.

August 2016 performance

Aug 20162016 YTDSince Inception (3/31/2016)
Chicken Little-0.65%6.14%3.49%
Dow Jones Industrials0.25%7.42%7.13%

Chicken Little Lost 0.65% in August because of a modest decline in the price of long-term US Treasury bonds. August was a sleeper of a month with small moves in all asset markets. Gold lost over 3% in the month, but has gained over 20% so far in 2016. 

AssetSymbolAug 2016YTD 2016
Dow Jones IndustrialsDIA0.25%7.42%
Non-US StocksEFA0.57%1.37%
Emerging Market StocksEEM0.83%14.31%
US Long-Term Treasury BondsTLT-1.02%17.48%

Financial markets have been eerily calm recently. The daily moves have been among the lowest in decades. Other measures of risk (e.g, the Vix) are close to all-time lows. Chicken Little continues to believe that an historic storm approaches.  

September 2016 portfolio positions

As of September 1, 2016 the Chicken Little Portfolio remains ready for a global, deflationary depression. Chicken Little is heavily invested in US Treasuries and cash. There was no substantial change in the Chicken Little Portfolio during August 2016. 

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